SYY Technical Analysis - SYSCO CORP

Technical Rating and Analysis

Overall SYY gets a technical rating of 4 out of 10. SYY has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

SYY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SYY is lagging the market slightly.

SYY has an average volume of 3084150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the performance of all stocks over the past year, SYY turns out to be only a medium performer in the overall market: it outperformed 57% of all stocks.

SYY is part of the Consumer Staples Distribution & Retail industry. There are 39 other stocks in this industry, SYY did better than 60% of them.

In the last month SYY has a been trading in a tight range between 79.25 and 83.47.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

SYY has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

69.05

84.10

We found 2 important support areas.

Support @78.38 from a horizontal line in the daily time frame.
A support zone ranging from 69.75 to 70.43. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 80.18 to 83.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for SYY is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for SYY is neutral.
ChartMill Relative Strength	57.01	NEUTRAL	SYY is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SYY is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SYY is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of SYY is above the rising SMA(200).
Relative Strength Index/RSI (14)	42.84	NEUTRAL	The RSI value for SYY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.22	NEGATIVE	The MACD value suggests SYY has a negative trend.
Stochastics (14,3)	31.86	NEUTRAL	The Stochastics value for SYY is a neutral value.
Average True Range in percent/ATR (20)	1.68	LOW VOLATILITY	The low ATR as a percentage value for SYY suggests low volalility.
Average Directional Index/ADX (14)	15.18	NEGATIVE	The low ADX value for SYY suggests a weak or negative trend.